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Read the passage and answer the question given below.The author ofThe Affluent Societyargued throughout his long and distinguished career for a better balance in advanced capitalist societies between private affluence and the evident public poverty. By public poverty he meant the impoverished disenfranchised citizens, but also the poor infrastructure such as inadequate roads, state school provision and the lack of state intervention to preserve the environment against the excesses of industry. The affluent society was to be achieved through measures (more active government, welfare programs, state planning and most controversially, the redistribution of wealth through taxation), which were very much out of favor during the brief period when monetarism dominated both politics and economics. Of course, Galbraith had been making the case for these policies long before monetarism and he continued to do so long after its demise; a demise that he most certainly hastened with his profound yet witty criticism of that ideology. For a European it is hard to understand why he did not embrace socialism, but he always advocated the mixed economy. Politically and as an adopted American he was a Democrat. Intellectually he was a lifelong disciple of Keynes and greatly influenced by the post-war American New Deal.Q. Which of the following statements best expresses the primary objective of the passage?a)to expound Keynesian economicsb)to highlight the period of monetarism as brief and controversialc)to put forward the theories of Galbraithd)to set forth the case for greater state intervention and curtail the excesses of capitalisme)to present the theories found in the classic title The Affluent SocietyCorrect answer is option 'C'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Read the passage and answer the question given below.The author ofThe Affluent Societyargued throughout his long and distinguished career for a better balance in advanced capitalist societies between private affluence and the evident public poverty. By public poverty he meant the impoverished disenfranchised citizens, but also the poor infrastructure such as inadequate roads, state school provision and the lack of state intervention to preserve the environment against the excesses of industry. The affluent society was to be achieved through measures (more active government, welfare programs, state planning and most controversially, the redistribution of wealth through taxation), which were very much out of favor during the brief period when monetarism dominated both politics and economics. Of course, Galbraith had been making the case for these policies long before monetarism and he continued to do so long after its demise; a demise that he most certainly hastened with his profound yet witty criticism of that ideology. For a European it is hard to understand why he did not embrace socialism, but he always advocated the mixed economy. Politically and as an adopted American he was a Democrat. Intellectually he was a lifelong disciple of Keynes and greatly influenced by the post-war American New Deal.Q. Which of the following statements best expresses the primary objective of the passage?a)to expound Keynesian economicsb)to highlight the period of monetarism as brief and controversialc)to put forward the theories of Galbraithd)to set forth the case for greater state intervention and curtail the excesses of capitalisme)to present the theories found in the classic title The Affluent SocietyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the passage and answer the question given below.The author ofThe Affluent Societyargued throughout his long and distinguished career for a better balance in advanced capitalist societies between private affluence and the evident public poverty. By public poverty he meant the impoverished disenfranchised citizens, but also the poor infrastructure such as inadequate roads, state school provision and the lack of state intervention to preserve the environment against the excesses of industry. The affluent society was to be achieved through measures (more active government, welfare programs, state planning and most controversially, the redistribution of wealth through taxation), which were very much out of favor during the brief period when monetarism dominated both politics and economics. Of course, Galbraith had been making the case for these policies long before monetarism and he continued to do so long after its demise; a demise that he most certainly hastened with his profound yet witty criticism of that ideology. For a European it is hard to understand why he did not embrace socialism, but he always advocated the mixed economy. Politically and as an adopted American he was a Democrat. Intellectually he was a lifelong disciple of Keynes and greatly influenced by the post-war American New Deal.Q. Which of the following statements best expresses the primary objective of the passage?a)to expound Keynesian economicsb)to highlight the period of monetarism as brief and controversialc)to put forward the theories of Galbraithd)to set forth the case for greater state intervention and curtail the excesses of capitalisme)to present the theories found in the classic title The Affluent SocietyCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Read the passage and answer the question given below.The author ofThe Affluent Societyargued throughout his long and distinguished career for a better balance in advanced capitalist societies between private affluence and the evident public poverty. By public poverty he meant the impoverished disenfranchised citizens, but also the poor infrastructure such as inadequate roads, state school provision and the lack of state intervention to preserve the environment against the excesses of industry. The affluent society was to be achieved through measures (more active government, welfare programs, state planning and most controversially, the redistribution of wealth through taxation), which were very much out of favor during the brief period when monetarism dominated both politics and economics. Of course, Galbraith had been making the case for these policies long before monetarism and he continued to do so long after its demise; a demise that he most certainly hastened with his profound yet witty criticism of that ideology. For a European it is hard to understand why he did not embrace socialism, but he always advocated the mixed economy. Politically and as an adopted American he was a Democrat. Intellectually he was a lifelong disciple of Keynes and greatly influenced by the post-war American New Deal.Q. Which of the following statements best expresses the primary objective of the passage?a)to expound Keynesian economicsb)to highlight the period of monetarism as brief and controversialc)to put forward the theories of Galbraithd)to set forth the case for greater state intervention and curtail the excesses of capitalisme)to present the theories found in the classic title The Affluent SocietyCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of Read the passage and answer the question given below.The author ofThe Affluent Societyargued throughout his long and distinguished career for a better balance in advanced capitalist societies between private affluence and the evident public poverty. By public poverty he meant the impoverished disenfranchised citizens, but also the poor infrastructure such as inadequate roads, state school provision and the lack of state intervention to preserve the environment against the excesses of industry. The affluent society was to be achieved through measures (more active government, welfare programs, state planning and most controversially, the redistribution of wealth through taxation), which were very much out of favor during the brief period when monetarism dominated both politics and economics. Of course, Galbraith had been making the case for these policies long before monetarism and he continued to do so long after its demise; a demise that he most certainly hastened with his profound yet witty criticism of that ideology. For a European it is hard to understand why he did not embrace socialism, but he always advocated the mixed economy. Politically and as an adopted American he was a Democrat. Intellectually he was a lifelong disciple of Keynes and greatly influenced by the post-war American New Deal.Q. Which of the following statements best expresses the primary objective of the passage?a)to expound Keynesian economicsb)to highlight the period of monetarism as brief and controversialc)to put forward the theories of Galbraithd)to set forth the case for greater state intervention and curtail the excesses of capitalisme)to present the theories found in the classic title The Affluent SocietyCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the passage and answer the question given below.The author ofThe Affluent Societyargued throughout his long and distinguished career for a better balance in advanced capitalist societies between private affluence and the evident public poverty. By public poverty he meant the impoverished disenfranchised citizens, but also the poor infrastructure such as inadequate roads, state school provision and the lack of state intervention to preserve the environment against the excesses of industry. The affluent society was to be achieved through measures (more active government, welfare programs, state planning and most controversially, the redistribution of wealth through taxation), which were very much out of favor during the brief period when monetarism dominated both politics and economics. Of course, Galbraith had been making the case for these policies long before monetarism and he continued to do so long after its demise; a demise that he most certainly hastened with his profound yet witty criticism of that ideology. For a European it is hard to understand why he did not embrace socialism, but he always advocated the mixed economy. Politically and as an adopted American he was a Democrat. Intellectually he was a lifelong disciple of Keynes and greatly influenced by the post-war American New Deal.Q. Which of the following statements best expresses the primary objective of the passage?a)to expound Keynesian economicsb)to highlight the period of monetarism as brief and controversialc)to put forward the theories of Galbraithd)to set forth the case for greater state intervention and curtail the excesses of capitalisme)to present the theories found in the classic title The Affluent SocietyCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Read the passage and answer the question given below.The author ofThe Affluent Societyargued throughout his long and distinguished career for a better balance in advanced capitalist societies between private affluence and the evident public poverty. By public poverty he meant the impoverished disenfranchised citizens, but also the poor infrastructure such as inadequate roads, state school provision and the lack of state intervention to preserve the environment against the excesses of industry. The affluent society was to be achieved through measures (more active government, welfare programs, state planning and most controversially, the redistribution of wealth through taxation), which were very much out of favor during the brief period when monetarism dominated both politics and economics. Of course, Galbraith had been making the case for these policies long before monetarism and he continued to do so long after its demise; a demise that he most certainly hastened with his profound yet witty criticism of that ideology. For a European it is hard to understand why he did not embrace socialism, but he always advocated the mixed economy. Politically and as an adopted American he was a Democrat. Intellectually he was a lifelong disciple of Keynes and greatly influenced by the post-war American New Deal.Q. Which of the following statements best expresses the primary objective of the passage?a)to expound Keynesian economicsb)to highlight the period of monetarism as brief and controversialc)to put forward the theories of Galbraithd)to set forth the case for greater state intervention and curtail the excesses of capitalisme)to present the theories found in the classic title The Affluent SocietyCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Read the passage and answer the question given below.The author ofThe Affluent Societyargued throughout his long and distinguished career for a better balance in advanced capitalist societies between private affluence and the evident public poverty. By public poverty he meant the impoverished disenfranchised citizens, but also the poor infrastructure such as inadequate roads, state school provision and the lack of state intervention to preserve the environment against the excesses of industry. The affluent society was to be achieved through measures (more active government, welfare programs, state planning and most controversially, the redistribution of wealth through taxation), which were very much out of favor during the brief period when monetarism dominated both politics and economics. Of course, Galbraith had been making the case for these policies long before monetarism and he continued to do so long after its demise; a demise that he most certainly hastened with his profound yet witty criticism of that ideology. For a European it is hard to understand why he did not embrace socialism, but he always advocated the mixed economy. Politically and as an adopted American he was a Democrat. Intellectually he was a lifelong disciple of Keynes and greatly influenced by the post-war American New Deal.Q. Which of the following statements best expresses the primary objective of the passage?a)to expound Keynesian economicsb)to highlight the period of monetarism as brief and controversialc)to put forward the theories of Galbraithd)to set forth the case for greater state intervention and curtail the excesses of capitalisme)to present the theories found in the classic title The Affluent SocietyCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the passage and answer the question given below.The author ofThe Affluent Societyargued throughout his long and distinguished career for a better balance in advanced capitalist societies between private affluence and the evident public poverty. By public poverty he meant the impoverished disenfranchised citizens, but also the poor infrastructure such as inadequate roads, state school provision and the lack of state intervention to preserve the environment against the excesses of industry. The affluent society was to be achieved through measures (more active government, welfare programs, state planning and most controversially, the redistribution of wealth through taxation), which were very much out of favor during the brief period when monetarism dominated both politics and economics. Of course, Galbraith had been making the case for these policies long before monetarism and he continued to do so long after its demise; a demise that he most certainly hastened with his profound yet witty criticism of that ideology. For a European it is hard to understand why he did not embrace socialism, but he always advocated the mixed economy. Politically and as an adopted American he was a Democrat. Intellectually he was a lifelong disciple of Keynes and greatly influenced by the post-war American New Deal.Q. Which of the following statements best expresses the primary objective of the passage?a)to expound Keynesian economicsb)to highlight the period of monetarism as brief and controversialc)to put forward the theories of Galbraithd)to set forth the case for greater state intervention and curtail the excesses of capitalisme)to present the theories found in the classic title The Affluent SocietyCorrect answer is option 'C'. 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